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on refills advaircopd.com. ♪ . adam: welcome back to "money". the energy information administration recently made a prediction that grabbed headlines around the world. the united states it said will become the world's top oil producer by the end of this decade, 2020 but the eia is taking serious heat for that bold call. the association for the study of peak oil and gas says the eia must revise its prediction, claiming it creates a misleading picture of u.s. energy supplies. did the eia complete completely overshoot or will it prove spot on? we have a editor of the 7s report. thanks for showing up. the eia said the united states is on track to do this but where are they getting it wrong? are they confusing u.s. energy overall with just oil or are they making some other flaw in their logic? >> hi, adam. that is exactly right. so it is feasible by the end of this decade that the united states could be the world's largest energy producer but not the world's largest oil producer and you can see that just through the numbers. saudi arabia produces about 10 million barrels per day. we produce about
to save someone's soul. he in turn was drawn to her strength, her moral core, herd driving energy and her unwavering ambition and her drive, but within a short time she realized he was an incorrigible drunk, and despite his own international celebrity, she could not bear her rising fame. rebecca west who have meant constant in 1921, whom jim spoke about in his introduction, and later when dorothy was the chief of the bureau in berlin was as courageous as her american trend, possibly more so spirits intent on breaking through that concrete ceiling of male dominated the literature and journalism they both were intent on confronting the pivotal issues of their time head-on, and they would remain friends of their lives. it was as humble as a beginning as dorothy. she was born sicily isabel on the a outskirts of london in 18922 space thailand mother with musical aspirations in a truly gifted journalist father when she abandoned them to poverty. she was both devastated and in the liberated. as angry as she was, she liked thompson was able to convince herself. naughty and rebellious ms. fairfiel
of a glorious past. and some parts of the city bustle with holiday energy. but not far away: closed-up storefronts. and, further below the surface, this: a health clinic set up by the greek branch of the international aid group, doctors of the world to serve the country's newly poor. dr. nikitis kanakis is its director. >> brown: kanakis group, in fact, had to cut back some of its work in africa because of the needs at home. here in perama, unemployment tops 50% as the shrinking economy has crippled much of the local shipping industry. at the same time, the deeply indebted greek government has made dramatic budget cuts, including to health benefits. the combination has left many here without access to private or public care. and that's meant a stunning rise in disease and mortality rates. >> brown: economists, of course, speak of a different kind of necessary medicine: the kind a deeply indebted nation must take. the price for living and consuming well beyond its means for far too long. >> the medicine is necessary. it was, though, delivered very abruptly. >> brown: as a government
coming in we'll split. that will take some of the energy away. we'll get some high clouds out of it. 30s and 40s. a lot of 30s here. five below up in tahoe. 36 sacramento. 28 up in ukiah. 29 eureka. that is cold air all over the place. expect for the higher clouds this system more active toward southern california. this system coming in and splitting. clouds sliding south. cold lows. chilly high temps. upper 40s very low 50s. a little breeze out toward the valley. nothing too outrageous. so cold morning. breezy in the valley. maybe some of the higher elevations as well. upper 40s or very low 50s. again close to the bay or also by the coast. and even temperatures starting off 30s and 40s tonight a little cold. mostly clear. partly cloudy. temperatures really dropping past. bundle up. the extended outlook not much going on here. there will be increasing clouds and maybe a system visiting us by the weekend. i think it will split and go south. >>> time now 5:10. another scathing report on the attack on the u.s. consulate in libya. the policy changes for the state department recommended by th
that they do. the investments they make and the clean energy jobs that they create. and 2 million americans, they were out of work, but out there looking, pounding the pavement every day. we're going to continue to receive unemployment benefits as long as they are actively looking for a job. but i think that we all recognize that this law, it is just one step in the broader effort to strengthen our economy and broaden our opportunity for everybody. the fact is that the deficit is still too high. and we are still investing too little and the things that we need for the economy to grow as fast as it should. and that's why speaker boehner and i originally tried to negotiate a larger agreement that would put this country on a path to paying down its debt while also putting americans back to work, rebuilding our roads and bridges, and providing investments in areas like education and job training. unfortunately there was not enough support or time for the large agreement in the laying duck session of congress. and that failure will come with a cost as the messy nature of the process over the pas
, the rule of law for all, the right of peaceful nuclear energy for all. >> but do you want, do you want, mr. -- >> allow me, sir. allow me. >> the question wasn't any of that. >> but i will get to that answer. don't be in such a hurry. >> should israel be wiped off the face of the map? is that your desire? >> translator: if a group comes and occupies the united states of america, destroys homes while women and children are in those homes, incarcerate the youth of america, impose five different wars on many neighbors and always threaten others, what would you do? what would you say? would you help it? would you help that entity or what you help the people of the united states? so when we say -- when we say to be wiped, we say for occupation to be wiped off from this world, for war seeking to be wiped off and eradicated, the killing of women and children to be eradicated and we propose the way, we propose the path. >> what they're really saying is despite the fact we deny the holocaust, threaten israel, demonize the united states and all this stuff, we want you to trust us. in spite of the fa
in the history of science and that means more wacky weather, more moisture, more energy. global warming is a misnomer. it should be called global swing. >> which means the world doesn't end tomorrow. it's just every little event is worse or inkre meantycrementally worse than before. >> you look at all the glaciers are receding. the ice caps has diminished by 50% just in the last 50 years. an area the size of united states in terms of ice disappeared this year over the polar ice caps. the seasons are changing. summer is longer winter is shorter, tropical diseases are moving north. all the indicators show that the earth is warming up and that's what's driving some of this wacky weather. >> duh that show more or could we snap back? >> get used to it. we could be experiencing more 100-year flooding storms, hurricanes because there's more energy circumstance lating. we could argue how much human activity is driving it but everybody agrees the earth is heating up there's more energy in the system. that means more swing in the weather. >> no matter who's contributing it
for in 2013. harris: there are three you said. what are they? >> housing, energy and huge amount, trillions of dollars sitting on the sidelines by corporate america, waiting to come into the economy once this picture clears up. harris: we're getting housing numbers coming this week already. we're starting to see prices rose a little bit this fall. that is a good sign. we're seeing housing starts have come up as well. so i understand that. energy. >> energy is a game-changer, it really is. we look what is going on around the world. the europeans, far east, they're paying over $17 a btu for natural gas. we get it for $3 in this country. dow chemical just proposed building the largest chemical plant it has in the world here in this country because of the competitive advantage of natural gas. imagine if we could liquify, ship it to europe, ship it to the far east. not only would we have a huge impact on trade balance but actually help the economies out too. game-changer. harris: you mentioned cash on the sidelines. where is that coming from? >> corporate america and consumers, and we saw it thi
and cleleads uo a path in january. the agenda set out there in energy independence, education, what they want to do can still be well addressed. i believe it dmeepends on how t next few days work out. if they can't address the fiscal cliff, there's no way they can address the grand bargain or debt ceiling. i think they are going to do it, quite frankly. >> really, a pleasure talking to you both. enjoy the new year. you are enjoying family time and keeping your eyes on the redskins. i won't say which is which. happy new year. >> office politics the lester holt now. he tells us about two stories he will never forget. also, he will talk about his love of music. you know that little 50-pound thingy at the doctor's office when they weigh you, and they have to move it over? my doctor does not have to do that anymore. [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. feels great. simple. effective. take that, 50 pound thingy. let's fight fat with alli. have a healthier holiday at letsfightholidayfat.com. [ bu
even when you're away from home. adjust your thermostat remotely to help save energy and money. turn on the lights, even see that everyone is safe and secure. and with adt, you can rely on our fast response monitoring for 24/7 protection against burglary, fire, and high levels of carbon monoxide. the adt new year's sale. it could help you save something more important than money. call now to save $300 on adt starting at $99 installed plus 15% off accessories. sale ends midnight january 2nd. >> as of today americans can no longer adopt children from russia. putin signed the bill. the move appears to mark a deterioration of releasing between washington and the kremlin. it comes despite the fact more russian orphans have gone to new homes in america than any other country. 60,000 adoptions in the past 20 years. hundreds of thousands of children who need homes have fewer options and dozens whose adoptions were in the process must remain in russia, including some who met and bonded with their perspective new parents. officials in washington calling it a politically motivated decision aime
right now. not in insignificant number. across the board. financial, energy, there are several energy conservation rules that are at the white house right now. there is also epa rules at the white house. it spans the sector. a lot will depend on how fast these rules come out. it is in a pretty slow pace as of late. liz: we know that the epa has been issuing a lot of rules. will that basically slow the new regulations coming out of the epa or not? >> it does not seem likely. apparently, her deputy is in place to take over the reins. for example, just last friday, they released what is known as rules for boilers and submit kilns. she announced today. according to white house documents, by spring you busy final rules for greenhouse gas regulations for new power plants. liz: how many of these new rules are confirmed by the u.s. congress or are they just coming out of regulatory agencies. is it 50%? >> we have actually looked at that data in terms of what has a judicial deadline. the rules are 10%. now, under dodd-frank, that is expected to come out in january. a lot of these rules, especi
energy but first lauren simonetti on the floor of the new york stock exchange. >> the dow is down 59 points, and the s&p 500. that is why we are not selling of more than we are, this could be the longest losing streak, and three months. and we have been through, congressional negotiations get a deal in the eleventh hour. in terms of stocks, bringing the burger king, costa rica and kuala mola, with a company -- that stock is down 1-3/4%. for the commodities let's go to sandra smith. sandra: a couple days late, the christmas holiday, crude-oil inventories report wednesday, we got it today. a bit of market movers for crude oil and natural gas, the biggest gain in commodity up 1/4%, and this is a combination with the fact the we are kidding cooler than normal temperatures in the northeast where a lot of this is used to heat homes and very bullish for natural gas up 2 of the last three daas, we will see natural gas prices going higher. crude-oil prices with $90 a barrel, holding above that right now, down on the session but we got a bigger than expected build in crude inventories in the l
media kind of energy around this book but the last time there was this kind of media energy was that, july 2010 when it went down. >> yes. >> people were going back to those places who interviewed you, who were making accusations calling you a reverse racist. the speed which that happened, how does it feel being back in the space now that you do have the whole story? >> it feels good to know that, first of all, that i was able to use that same media in a sense to be able to get the, the story, the right story out. it feels, gosh, i can't explain how great it feels to be able to sit here, to hear the actress really, oh my goodness, i don't know whether you saw me, i was crying a little. it's really amazing. i didn't ever think, i made the decision years ago that i didn't want people to forget my father and what he meant to us. i had no idea i would be able to tell the story in this way. it feels great. >> what's, what's so beautiful this book is i feel like it's more than a book. it is a living, it is a living history. it is like a love letter to choices. and it reminds us that withou
again, i want to thank representative poe for the extraordinary effort and energy he's put into this bill and the way he's worked cooperatively with all of us on both sides of the aisle and madam speaker, i urge my colleagues to join me in supporting this bill and i reserve the balance of my time. the speaker pro tempore: the gentlewoman reserves. the chair will receive a message. the messenger: madam speaker a message from the senate. the secretary: madam speaker. the speaker pro tempore: madam secretary. the secretary: i have been directed by the senate to inform the house that the nat has passed without amendment h.r. 3641, cited as the national park act. the speaker pro tempore: the gentleman from utah. >> i have no fufert speakers and reserve the balance -- mr. chaffetz: i have no further speakers and reserve the balance of my time. the speaker pro tempore: the gentlewoman from the district of columbia. ms. norton: i yield back the balance of my time. the speaker pro tempore: the gentleman from utah. mr. chaffetz: i would like to thank representative poe for introducin
place. >> dylan has a severe form of a disease that drolz not create enough energy to sustain his body. parts of him are shutting down. but dwrorktz say petesing together legos is a powerful medicine. >> when you're building how does it make you feel? >> it zrakts the pain. >> as legos are being built it seems like he can focus on what he is achieving. >> nearly a dozen specialists are now working to combat his condition. while focusing on that, he is now graduated to projects so complex they're raitd for teenagers and have more than 1300 pieces. >> this just the way he talks about it, he puts himself into one of the places instead of being here it is easy. for me. >> what a great kid. he says his goal is to build a lego city. the hospital staff has been impressed they've created a gallery of the projects and we have a link on abc 7 news.com. go check out his work. >> absolutely. and listen to this, remember frisbee golf? it has a new name and lots of places to play it. >> mike shumann >> some of you remember frisbee golf, right? around since 1970s? >> noi, it's called disc golf. there
a month. i am trying to go back to cornell to do sustainable energy. we are in a double down on reaganomics in despite. jimmy carter had great inflation because for five years we were a peaceful country again. then reagan put us back into the largest military buildup in peacetime. i think that's what we ought to do is realize that did not work, just like some of the new deal stuff was not working correctly. what we have to do is c- span.org [indiscernible] i want to thank mr. richard delver of the department of transportation, because unlike michael bloomberg -- host: you have gone a little bit off track, but we appreciate your comments this morning. you can see his picture on your screen. and from the new york times business section -- and from "usa today" -- that the lead this morning in "usa today." coming up, steve forbes will be here in 45 minutes to take your calls regarding issues in washington, including what we just talked about. next is lawrence yun of the national association of realtors to talk about the real estate market and how the fiscal cliff could affect it.
much less energy and vigor some of the no voters have, they -- they would like to at least be able to go home for a day before the new congress starts on january 3rd. >> they want to tell constituents, i wasn't all that into this but that had nothing to do with me. here is the problem, as we get further and further. this could have amendments and setbacks, does that give energy to interest groups who started last night? politicking and lobbying both senators and congressmen to say this is a bad deal that gives too much to the other side. >> sure this gives an opportunity for opponents to make arguments this is a bad deal. this legislation not available to anybody publicly when the senate voted it on last night. there were early returns from heritage action group telling folks to vote no on it if they could, but basically this is the opportunity the no crowd will have over the next 12 hours, 24 hours to make their arguments. this is the way congress does business in the dark of night without any transparency to what they are doing, and i think ultimately, that's one of the reasons t
. it impacts those of us concerned about the energy and security of this country because the farm bill contains ways to promote alternate energy sours, ways to create a biofuel industry that is robust and creates consumer choice. for those concerned about exports connected to the agricultural exports, we lose the ability to market exports without a farm bill. if you're concerned about the ability to add adequate nutrition and supporter of farmer's markets and want to see an expansion of that, can't do it because there is no farm bill. if you like the idea of fields expanding habitat opportunities or you like to hunt and you like to fish, your hobby, your vocation, if you will, in that area will also be affected by no farm bill because a lot of the programs are not extended. if you're a farm family, you're going to be impacted. so there is an impact and an effect by not having a farm bill. >> congress has three options before the end of the year to prevent the price spike and everything that comes with it. they could either extend the current bishlg pass a new bill or some kind of provision to k
the cold even when you're away from home. adjust your thermostat remotely to help save energy and money. turn on the lights, even see that everyone is safe and secure. and with adt, you can rely on our fast response monitoring for 24/7 protection against burglary, fire, and high levels of carbon monoxide. the adt new year's sale. it could help you save something more important than money. call now to save $300 on adt starting at $99 installed plus 15% off accessories. sale ends midnight january 2nd. ♪ ♪ >> eric: welcome back, everybody. so this is one of our last shows of 2012. it's been a fantastic year. 2013 shaping up to be especially better for "the five." i predicted it. we will be number one. thoughts on the year that was and the year in front of us. >> it has been incredible. 2012 was such a busy an interesting news year. so many stories. outcomes we couldn't have predicted. we covered the election. that was obviously a daily endeavor to get through it. >> eric: that wasn't so much fun. [ laughter ] >> kimberly: watched debates. romney did great on the first debate. we talked
that is not talked about in the media is crony capitalism. obama is picking winners and losers in energy -- >> picking losers. >> millions of dollars of our tax dollars, g.e.'s ceo is lobbying the president. people need to realize, that's our money that is being used against us and
credit that's helped millions of families pay for college. it would extend tax credits for clean energy companies creating jobs and reducing our dependence and foreign oil. it would extend unemployment insurance to 2 million americans out there actively looking for a job. i have to say that ever since i took office, throughout the campaign and the last couple months, my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it, that solves our deficit problems in a balanced and responsible way. it doesn't just you deal with the taxes. but a balanced way so we can put this behind us and focus on growing our economy. but with this congress that was obviously a little too much to hope for at this time. [laughter] >> maybe we can do it in stages. we'll solve this problem instead in several steps. last year in 2011 we started reducing the defend city through $1 trillion in spending cuts. those have already taken place. the agreement being worked on right now would further reduce the deficit by ask
and watched that victory and i have never seen a sold-out crowd watching the warriors before and the energy and enthusiasm was contagious. >> nothing beats winning. it just kind of soothing everything. and the feeling is great for them. they got the l.a. clippers who have won 17 in a row coming up on wednesday. >> where do you return christmas gifts? >> me? >> none of them. >> speak for yourself. >> i know, right? i got coal. where do you return that? [ laughter ] >> you were good this year. >> i lat to interrupt this with breaking news but there does appear to be a deal on the "fiscal cliff." lawmakers are at work on capitol hill. >> so is the cbs 5 newsroom. we'll have the latest as it unfold. see you at 10:00 and 11:00. captions by: caption colorado comments@captioncolorado.com ,,,, ,,,, look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, wai
? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>> i have appointed brian schott as the next senator from hawaii. of course senator inouye's views and wishes were considered fully. >>> quite an amazing shocker there, tracy, we thought it was going to be dana. >> well, democracy often treated like a sport, but in the end is a democracy. i give kudos to the governor for following his principles and the wishes of the state. i don't even want to try to dissect if it was a dis on the late heroic senator. >> i think there's a number that matters, 40, the age of brian shatz. this sets him up for decades if he manages to win. the congresswoman i think is in her early 60s. i think that may have been part of the governor's calculation. >> hawaii has lot as much as senator inouye was a hero. i didn't know the whole story until he passed away. it's not your personal property to pass along. >> it's not the kennedys seat, the same thing. >>> shameless plugs. >> sending good w
way, shape or form and heard the president say some of the incentives for green energy in place in the stimulus. as well. i'm not sure if i heard you mention the alternative minimum tax for the wealthy and dipped in to the middle class and every year congress has to put it off. what's in this bill is a permanent revocation, a perm inconsistent fix, if you will, of the alternative men mum tax. that's astonishing. almost a trillion dollars cut from the baseline over ten years and appears that would be in the bill but put out the big caution here because nothing is voted on yet. there's no -- the ink is not dry. the signatures not on the document. if there's a deal, it is still not quite there yet. that big fight as we have been describing over those spending cuts, automatic spending cuts over ten years. >> kristen, as you know, the president was on "meet the press" this week. i want to play that and then your reaction. >> obviously, i think business and investors are going to feel more negative about the economy next year. if you look at projections of 2013, people generally felt
.s. becoming energy independent on its own. do you really think it will happen? because i still talk to a couple of people in the oim and gas industry that say, you know what? it's a far cry from the reality out there. we're still going to see the middle east being the dominating oil exporter. >>. >> i think in terms of any oil forecast, my experience is i'm lucky if i can forecast the oil price more than six months. so to forecast it eight years out, what's happened also is in terms of supply is that last year another reason why the oil price got held up was that we had problems in the north sea. the only nonopec user who came up with the goods was the u.s. everybody else failed as they always do. >> i was just wondering, christian, what your thoughts are. also, we were looking at the higher oil prices. higher being anything north of 100 at the time saying it's going to slow down a recovery in markets. this time around, now we're using to prices being in the region of 100. but what are your thoughts when you look at oil at the moment? >> well, we've had these two years where in wint
's proliferation-sensitive energy sector which even the united nations acknowledges is providing revenues for iran's nuclear weapons program. kelly: you know, to that end, congress has just approved an amendment to the national defense authorization act which, of course, would then toughen sanctions on iran in some key areas. what impact will that have on iran's nuclear program? >> well, you know, so far sanctions have had no impact. they haven't broken the nuclear will of khamenei, but there's no doubt the iranian regime is hurting. these sanctions are meant to massively intensify the economic pressure in the hope that peaceful economic pressure will change the regime's risk/reward calculus. again, no evidence that it has. we'll see with the next round of negotiations that are supposed to resume in the january. kelly: again, the military option does remain on the table, albeit it's not being discussed right now. >> well, it has to be on the table because the only way you break the nuclear will is if ha manny believes the united states will use military force. if he doesn't believe that, all the s
that the department of energy or the department of education and the number of employees they have. we do not need all that. they can cut the number of employees in half and we would have real savings. nobody will address these issues. i'll hang up. guest: when you have a budget in washington, it is hard to cut back politically. if you do, people say you are against the were the goal. this worthy goal, that worthy goal. there was a british historian in the 1950's. after world war i, britain had the largest navy in the world and they reduced the size of the navy. the laid-off sailors and dock workers. the agency running the navy was getting bigger as the navy was getting smaller. he made the discovery -- the size of a bureaucracy has nothing to do with the amount of work the bureaucracy does. it will grow unless it is reined in. the bureaucracy was getting bigger. if you get that kind of bloat, get in trouble and you change or go out of business. ronald reagan said the closest thing to immortality is a government agency. caller: good morning, everybody. do you think capitalism and privatizing is withdr
my energy and soul to restore that america, to lift our eyes to a better future. a week later, democrats hosted their convention in charlotte, north carolina. and president obama and vice president biden accepted their nominations for re-election. on september the 11th, gunmen killed the u.s. ambassador to libya chris stevens and three other americans at the american consulate in benghazi. >> they had a mission. and they believed in it. they knew the danger and they accepted it. >> u.s. ambassador to the u.n., susan rice, used intelligence agency's talking points to tie the violence to worldwide protests over an american made anti-islam film. the attack later linked to terrorism and some on capitol hill accused the administration of covering up the truth. though there is no evidence of that. in the midst of that controversy, president obama and governor mitt romney squared off in three debates while both joe biden and paul ryan came out swinging at their one and only vice presidential debated. israeli president benjamin netanyahu addressed the united nations to renew his calls
pressure holding on. this cold front diving in toward the bay area most of the energy though off the cost. and so we are going to see a few passing clouds but staying mostly dry and cool. around the state, though, dry weather. 50s into the central valley. high country looking good, though be prepared chilly temperatures only 31 degrees in lake tahoe after an overnight low of 5 degrees below zero. so chilly in the high country. the latest forecast model shows you the system passing toward the bay area, a few more clouds. but that moves harmlessly through our skies toward the afternoon. then dries things out toward new year's eve and new year's day. looks like we'll keep a dry day on tap for the bay area a couple of passing clouds. temperatures cool for today. high only about 52 in fremont, 53 degrees in san jose, 51 in pacifica, east bay numbers up only into the upper 40s and the low 50s. and it will stay cool inside the bay if you are headed there, 52 degrees in oakland and 51 degrees in san francisco. next couple of days as we look toward 2013 fairly dry just a couple of passing clouds t
's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> for me personally, it is important for me to go ahead and affirm that i think same-sex couples should be able to get married. >> 2012 was a pivotal year for president obama and the last campaign of his political career made for plenty of memorable moments. joining me for a look back at the presidential highs and lows of 2012, usa today's david jackson. good afternoon, rather, how are you? >> good afternoon, luke, thanks for having me. >> so what do you say are some of the biggest moments of the year? i would say supporting same-sex marriage w
's point, schwarzkopf was a man of unbelievable intelligence and volcanic energy and -- you know, i think soldiers loved the guy. but in retrospect, in history, what we ought to really recognize is that the combination of general schwartzko schwartzkopf, colin powell, the wonderful first president bush, all three of them were men who understood the limits of military power. and were cautious and actually didn't want to fight unless forced to and they did fight they used overwhelming force. schwartzkopf's contribution -- he was trying -- a lot of brilliant people. so-called jedi knights, bunch of army-navy marine air force young guys who came up with a strategy to not batter directly away at the enemy force. remember that iraqi army. fourth largest army in the world. it had thousands and thousands of tanks and artillery pieces. and if you look at our military history, frequently what we have had, you know, world war ii, the italian theater, korea, korean peninsula, just battering away directly at an enemy. schwarzkopf, when he unveiled that plan, i was a division commander, sitting in a ro
familiar with the talks who noted a wind energy tax credit is preserved as the president eluded to in his remarks. also depreciation for businesses with spending money on new equipment. all of those things arement wills of the tax deal, but until they get the sequester, the budget elements worked out, the deal's not going to be finished. >> now, the deduction phaseout. this is relatively new. any idea at this point which deductions we're talking about and any timetable for them? >> i have to confess, bill, i don't know how exactly that works. these are provisions that were first initiated in the 1990s as a way of getting more revenue from people at the top without raising their rates. so what you do is you take the same deductions that other people can take and you limit their value over a certain income level. this is in addition to something the president's proposed of making the tax deductions for people above a certain income level valued only at a lower percentage tax rate than the 39.6% rate. we'll see how all of these things mesh and how they're implemented ultimately. but it's a w
] that's a very strong 27th -- 27%. i commend you on your energy. i will stop here and say there's a radical difference between the soviet-u.s. relationship and the relationship with israel and iran and you will not ask six million jews in israel to rely for their existence on deterrence in this kind of situation. thank you very much. [applause] >> if it makes you feel any better, henry kissinger didn't get away with it either. up next, dean vali nasser. the podium is yours. >> thank you. good evening. thank you for that introduction. it's a pleasure being here. let me start by saying that it goes without saying that the world would be better off if iran does not become a nuclear armed state. and achieving that goal should be our principle aim going forward. however, despite our best efforts, that undesirable end may very welcome to pass. should we act as if this is the first time that we've encountered such a challenge? or that the logical containment and deterrence somehow does not apply to iran? as iran is outside of the realm of politics as we know it. the answer is no. as tr
to those with a normal weight. researchers say the extra fat tissue may give you needed energy when you're sick. people considered can extremely obese had a nearly 20% increased risk of death. just a few extra pounds. >> just a little bit around the edges. >> fight off the flu. >> i like that idea. >> especially after the holidays. might be sticking around for a while. >> almost 6:21 on your wednesday morning. second day of january. 2013. we want to get a look outside for you. if you're about to head out. tom kierein is in. >> you'll need extra insulation too this morning. we have a cold pattern setting up. it's going to be a dry pattern as well. we've had a few scattered sprinkles and flurries over the last couple of hours. but they're now all drying out most locations. still quite cloudy, though. farther west, the cloud cover is thinning up as well as south of us from fredericksburg to charlottesville. at sunrise, we might have a peek of sun breaking now. it's cold in the metro area. generally low to mid 30s. arlington, fairfax, prince george's county. northern montgomery into howard,
throughout today and tonight. let's break it down. you see the low sliding off the coast. getting energy if the west. it becomes intense and stays to the south of new england. now with that flow, we're getting the winds coming from the north, picking up the moisture from the atlantic. that's why eastern massachusetts, if you can see the brighter white here, indicates a little bit more intense snowfall. it is still something we're monitoring because the as the low slides east or west, that would impacts how much rain versus how much snow you get in new england. whether you're in new england or not, you'll face some travel troubles today. we have airport delays forecast for the northeast, the mid-atlantic, the midwest. and even down here in the south, we had delays in charlotte this morning. and on the west coast, we could see delays, low clouds and rain even in los angeles. busy travel weekend. lots of weather coast to coast that will impact millions of people. >> no escaping it, huh? >> no. >> thanks. >>> tax hikes, spending cuts, and the u.s. economy caught right in the middle. we can o
of energy regulations are coming into effect that will cost electric costs to co-op which will affect the poor just as badly as it is the rich? host: mark from ohio, good morning. caller: all the power was taken from the epa and given to the nra. there is no fiscal cliff. there was another so-called fiscal cliff in 2008. give money to the billionaires and banks. when eisenhower took office, he gutted the military. taxes were 9% on corporations. 10 trillion dollars being horded. the problem lies and propaganda. 90% of all our information from the tv and the radio comes out of the state of texas and new york city. that is wall street. there is an economy based on military bases and nafta and oil. that is clear channel radio. time warner comes out georgia. up on the east coast, new york city is for the bankers are and insurance companies and derivatives and the jews that run the media. host: i will stop you on that point. this is from jan. some of you sharing your thoughts on our facebook page as well. one person writes -- host: join us honor twitter page or on our facebook page. rick fr
phased out for more energy-efficient ones. >>> a new law in australia is banning ladies' nights. is it's part of an effort to tackle binge drinking but some bars found a little hole that says if the deal applies to everyone it's okay. so they might be offering drinks to men. >> despite the last-minute deal settled in the u.s. senate last night, the united states has technically fallen off the fiscal cliff as of now. the house has not voted and the president has not signed anything. why couldn't washington have solved this problem earlier? they have had it for over a year. did it have to be pushed to the very last second? i'm joined by debby dingle and ron myer. does it have to be done like this? >> i think all of us would like to see it not done like this, but i think the reality of what the tax increase would be to 100% of americans, i still think we're going to hear a lost static on the house side before you see that vote. it takes coming down to the wire, unfortunately, too much in washington to get the answer to occur. we're only punting. it's going to make march madness a new defi
is already taking place to the north. the next system will split and move its energy. that's what's been happening with a lot of these systems. partly cloudy in the morning, mostly sunny, partly cloudy later on today. but a cool, breezy day. i will take those few showers out unless you are watching towards beautiful monterey. that's about it. 50s on the temperatures. low to mid-50s for everyone. the coolest temperatures will be inland. you add that north breeze and that can cut right through you. maybe not bad in the sun. but any shade or breeze, you will definitely notice it. temperatures stay on the cool side. very cool on wednesday. a little system off to the west will give us higher clouds thursday. it's out of here on friday. weekend looks dry and warmer. warmer? what? a little bit, yeah. >>> 7:06. we will told you about the new year's eve violence in san francisco last night. police in sacramento are investigating a deadly shooting near a fireworks show. our reporter mike lori tells us two people were killed three others were hurt. what happened out there, mike? >> reporter: well,
you they are dying on the vine. you can see most of the energy is going up here. and then it will go down to southern california and it ends up being very week. 20s, 30s, a little breeze. napa, 38. in town it was 27. 30s, low, concord was in the 20s. livermore is 28. fairfield was in the 20s. santa rosa, there were a lot of 0s near san jose as well. upper 20s. 30s now. some of the coldest readings, boulder creek, 25. cordelia, 25. palo alto, 28s and 29s earlier. saratoga, 29 as well. it's cold. freeze frost advisory for another 20 minutes or so until 9:00. but we'll start to bounce off those very cold temperatures very soon. 1 degree in tahoe. i think it was 9 below in truckee. 9 below. ukiah, 27. sacramento, 29. redding 26. there's some cold air around. you can see our system it has no place to go except north or south and not over us. the pattern looks like it won't do anything in the way of rain. the cloud/rain forecast brings the system in and kills us. maybe up towards cretent city. sunshine, a lot -- crescent city. sunshine, a light breeze. temperatures will come up a few degre
up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. have a healthier holiday at letsfightholidayfat.com. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >>> breaking news tonight, one of the greatest voices of her generation, whitney houston, has died. february 11th, 2012, a tragic end for an iconic singer. whitney houston, who battled with drugs and alcohol for decades, was found dead in a los angeles hotel bathroom. her death was ruled an accide
the government spends money on. the treasury, defense department, energy department. all of these things here. and right back there on the score board you see the fundamental problem. last year we took in $2.3 trillion in revenue but spent $3.6 trillion. and this whole process has been aimed at dealing with that deficit. because neither party could really come up with a decision on what they were going to agree on on what to cut spending. what they said is if we don't have a deal by january 2nd, sequestration will set in. what is that? that's essentially a 10% cut across the board to everything out here and everyone has to deal with it the best way they can. now, i want to point out something here. there's a big difference in the size of these departments. for example, housing or personnel or energy are really quite small. you can cut them dramatically and not have nearly the impact you would have as if you hit bigger departments. some of these programs are also somewhat protected by law. sop they can't all be hit the same way. and the truth is a lot of people aren't sure what the result will
commerce secretary, your energy secretary. so he relied on sort of the people just around him. i think this administration and the president should do a better job of getting his cabinet out there, because, frankly, most americans don't even know who the rest of the cabinet members are. >> finer point on it, roland. do you think the president is sending a message that he won't fight for his nominees? >> well, i think what he's doing is, he's picking and choosing his battles, but he needs to understand, the last four years, republicans fought him on everything. he should send the signal, i'm not going to play the games we played the last four years. i'm going to be very aggressive, and if you want to deny me my choice, then you should vote that person down. he should have put her forward, and look, if he wants former senator chuck hagel, put him forward as well, and tell the senate, i dare you to do it. >> alice, that brings up an interesting point. tom friedman wrote an op-ed in "the new york times" today, defending chuck hagel. i want to read a portion of it. he says, "hagel is out of
story. and the second is, of course, the remarkable thing going on with energy based around shale, gas and oil. if these two sources of strength persist, you know, is the disappointment about the cliff enough to negate those two things? i suspect the answer is probably not. what it might mean is the difference between an economy that's going in the 2% vicinity of one that could, if a credible deal unleached from the korcht sector and beyond, one that could get back to what most people were -- if not normal, think of the old one in the 3% vicinity. >> jim, to the extent a client were to call you today and say, look, the market is dounl a little bit and who knows if it will be later today. do us this is a buying opportunity, then? >> well, you know, because i look at, obviously, things in such a global context, in any case, because the u.s. market has rallied so much from 2009, and as you guys, i hope, recall, i've been in the bull camp ever since, measures of valuation in particular so-called capital adjusted p/e ratio tight model which is a very conservative approach. the u.s. market i
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're away from home. adjust your thermostat remotely to help save energy and money. turn on the lights, even see that everyone is safe and secure. and with adt, you can rely on our fast response monitoring for 24/7 protection against burglary, fire, and high levels of carbon monoxide. the adt new year's sale. it could help you save something more important than money. call now to save $300 on adt starting at $99 installed plus 15% off accessories. sale ends midnight january 2nd. >>> sunday marks the end of the nfl's regular season and the day after usually isn't too kind to head coaches on losing teams. but even a winning record can't guarantee job security. yes, it has absolutely been a firing frenzy today on the nfl's so-called black monday. seven coaches got their pink slips, most before 11:00 eastern time. the most shocking, i think to all of us, was chicago bears head coach lovie smith. he's getting the boot after nine seasons, including a trip to the super bowl. his team finished 10-6, but missed the playoffs. bears quarterback jay cutler got the news during a live radio show. the kans
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